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    Property profile & analytics

    1431 Highland Ave Melbourne, FL 32935-6518

    • Retail space
    • 1,180 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    $205,000
    Location Intelligence
    Property ID
    US18-5328054
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CAFE 1924 LLC / Cafe
    • Oui Bake / Bakery
    • Pies / Bakery
    • Eau Gallie Creamery / Ice Cream Shop

    Property Details for 1431 Highland Ave

    Year built
    1924
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.03 lot acres
    Property size
    1,180 SF
    Zone code
    C3
    Property type
    Retail space
    APN
    27-37-16-25-00001.0-0007.02
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $210,000

    • CAP approach

      CAP return
      Estimation
      6%
      $200,000
      6.5%
      $165,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $155,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $165,000
      Retail
      $160,000
      Mixed-Use
      $150,000
      Hospitality
      $185,000
      Educational
      $185,000
      Residential Income
      $170,000
      Energy
      $190,000
      Income-Based Land
      $170,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6268
    Latitude
    28.1303
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,583
    $37,200
    $151,560
    $188,760
    -
    $37,200
    $151,560
    $188,760

    Comparable in this City

    • Value Estimation by Request
      8,913 SF

      1500 Wickham Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,913 SF
      1500 Wickham Rd, Melbourne, FL 32935-8116
      View Details
    • Value Estimation by Request
      1,062 SF

      314 Laurie St

      RETAIL STORES (PERSONAL SERVICES) • 1,062 SF
      314 Laurie St, Melbourne, FL 32935-6708
      View Details
    • Value Estimation by Request
      6,300 SF

      2965 Bush Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,300 SF
      2965 Bush Dr, Melbourne, FL 32935-2156
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    • Value Estimation by Request
      13,600 SF

      2335 Aurora Rd

      RETAIL STORES (PERSONAL SERVICES) • 13,600 SF
      2335 Aurora Rd, Melbourne, FL 32935-3305
      View Details
    • Value Estimation by Request
      10,529 SF

      966 Aurora Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,529 SF
      966 Aurora Rd, Melbourne, FL 32935-5967
      View Details
    • Value Estimation
      $275,000
      934 SF

      2005 Aurora Rd

      RETAIL STORES (PERSONAL SERVICES) • 934 SF
      2005 Aurora Rd, Melbourne, FL 32935-4135
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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      Retail space available in Melbourne's Northgate Shopping Center.
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      Retail/Office Space on Wickham Road

      Updated retail or office space in a busy Melbourne center.
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      View Details
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    1431 Highland Ave
    Melbourne, FL 32935-6518
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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